# Chapter 10 - Section 10.1 - Sequences and Summation Notation - Exercise Set - Page 1050: 71

$\$8081.13$#### Work Step by Step Here, we have$6000(1+\dfrac{0.06}{4})^n=8081.13$Plug$n=20$Now$6000(1+\dfrac{0.06}{4})^{20}=8081.13$Hence, the balance is$\$8081.13$ after $5$ years.

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